Around the Net

CBS Outdoor Americas Files IPO

  • Bloomberg, Wednesday, March 19, 2014 7:56 AM
CBS filed an initial public offering for its Outdoor Americas division in a bid to raise as much as $560 million by selling 20 million shares for $26 to $28 apiece. The parent company will still own 83% afterward. "About 47% of the company’s billboards and transit displays are in New York while 13% are in Los Angeles,  according to today’s filing," writes James Callan.

Read the whole story at Bloomberg »

Next story loading loading..